Hyundai Motor to sell Hyundai Mobis stake -report
Hyundai Motor Co is planning to sell off its stake in affiliate Hyundai Mobis Co in block trade to comply with anti-trust rules, online media provider eDaily reported on Wednesday.
"In accordance with fair trade regulations prohibiting cross-unit investment, we have drawn up the sale plan," the news agency quoted an unnamed Hyundai Motor official as saying.
"It could be announced today at the earliest."
Hyundai Motor officials could not immediately be reached for comment.
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